Daily News Letter Dated 7th Aug 2012-Gain from us. Visit: http://www.ibnservice.com/ OR http://ibnservices.blogspot.com/ OR http://nse-bse.blogspot.com/ OR http://mcx-ncdex.blogspot.com/

Daily News Letter

Date: 7 Aug 2012

 

Support & Resistance

NIFTY:

Last Close: 5282.55 (Up 66.85)

Resistance Levels:  5330, 5450, 5630, 5750, 5900

Support Levels: 5000, 4910, 4800, 4650, 4550

SENSEX:

Last Close: 17412.96 (Up 215.03)

Resistance Levels:  17700, 18000, 18500, 19000, 19500

Support Levels: 16500, 16150, 15800, 15300, 15000

Sensex Range This Week: 16500 - 17500 above which it will touch 18000 & Below Target 16100; Good Support closing below 16300.

 

Market Commentary:

Nifty can show further rise toward 5310-5330 today but a profit booking can be seen. Nifty may show a rally for next few days but a strong resistance will be seen at 5400—5450. We can see profit booking in last hours of trade but keep stop loss.

Hot Sectors For Today: Bank & R-group.

 

Btst/Stbt, Hot in street & Results today

BTST/ STBT in last trade (Fut.):

Andhrabank  (Buy– 98.85;  Book Partial At 100 Same Day)

Hot in Street:

Balramchin, Reliance, Renuka, Deltacorp, Relcapital, Gspl, Suntv, Bajajhind, Rolta, Tatamotors, Ptc, Voltas etc.

 

Trading picks for today:

SCRIP NAME (CMP)	ENTRY LEVEL	TGT1	TGT2—3	SL	COMMENTS
Hot Today
UNITECH (21.60)	Must Buy 21.5—21	22	22.25—22.5	20.6	News based buying can emerge, we see 25 soon
BPCL  (344.40)	Buy At 343—337	350	353—356	333	Time to buy at dip for bounce toward 360+.
Derivative- Future (Strategy for today)
RELIANCE  (788.80)	Sell At  790—805	775	768—760	Abv 815	Max Profits: Unlimited	Some profit booking can be seen today.
RELIAN CE 800  (12.8)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs 5000
GRASIM  (2916.45)	Sell At  2920—2970	2850	2825—2800	Abv 3000	Max Profits: Unlimited	Sell on every rise for soon Tgt 2700--2550.
GRASIM CE 2950 (46.9)	Buy when you sell Fut.	Hedging Position			Max Loss: Rs. 3750
Derivative- Option Strategy
BALRAM PE 62.5 (2.00)	Must Buy At 2—1.5	Options Trading strategy with High Risk- High Gain.			Max Profits: Unlimited	One must trade & hold for 4—7 days for gain.
BALRAM CE 67.5 (1.2)	Sell 2 Lots with PE 62.5
					Max Loss: Rs. 15000
Investment Pick (Long Term)
ANU LABS (532981) (1.15)	Must Buy At 1.10—0.8	2	2.50—3+	Buy in truck load for medium—long term Tgt 3—5+

 

Monthly trading picks:

Monthly trading picks for August
RCOM  (56.00)	Must Buy At 55—53	60	63—67+	Below 50	Booked partial around 58 on 6th Aug.
INFY (2227.40)	Must Buy At 2180—2125	2300	2400—2500	Below 2050	Stock is oversold on daily-weekly charts.
RELINFRA (493.45)	Must Buy At 480—460	540	565—590+	Below 450	Booked partial around 520 on 6th Aug.
UNITECH  (21.65)	Must Sell At 20.50—19	23.50	25—26.50	Below 18	Anytime big blast can be seen, Tgt 25+.

 

Past performances

Last Trade (6^th Aug 2012) Performance in all type of equity segment calls: Maximum Profit/Loss: Rs 101700.00 Approx.

Weekly Performance Report (6^th – 10^th August):

http://nse-bse.blogspot.in/2012/08/weekly-performance-report-equity-calls_3.html

Monthly Performance Equity Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-all-types-of.html

Monthly Performance All Nifty Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-nifty.html

Monthly Performance Commodity Calls (July):

http://nse-bse.blogspot.in/2012/07/monthly-performance-report-commodity.html

 

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